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Auditor reports positive financial results and no compliance findings for 2023–24 fiscal year
Summary
The district’s auditor reported Dec. 9 that the June 30, 2024 audit was submitted timely, showed positive financial results for local funds and no current-year compliance findings.
External auditors presented the financial audit for the year ended June 30, 2024, at the Dec. 9 meeting, reporting positive results and no current-year compliance findings.
The auditors told the board the audit had been submitted on time and that local funds — including current expense, restricted and capital outlay — showed positive financial results and stability. The Child Nutrition Fund recorded a loss on a reporting basis because the district elected to take the maximum allowed indirect cost allocation, which moved about $500,000 to other local funds; auditors said this treatment is standard and that the overall financial condition remained sound.
Auditors also noted improvements from the prior year: three prior findings requiring repayments to the Department of Public Instruction had been resolved and closed, and there were no budget violations in the current audit. The auditors thanked district staff, school treasurers and other employees who contributed to the audit process.
Board members received the audit report and praised staff for timely submission and improved compliance.
